1. The net loss reported on the income statement for the current year was $10,000. Depreciation was $40,000. Accounts receivable and inventories decreased by $12,000 and $35,000, respectively. Treasury stock was purchased for $50,000, and prepaid expenses and accounts payable increased by $1,000 and $8,000, respectively. Based on this information, how much cash was provided by operating activities?

2.

At the end of its first year, the available for sale debt securities portfolio consisted of the following common stocks:

Cost Fair Value 12/31/17

Atrium Corporation $ 46,500 $ 50,000

Barnes Inc. 60,000 58,000

Cantor Corporation 80,000 76,400

Based on the above information, the unrealized loss to be reported in the 2017 income statement under the fair value method is

3.

On January 1, Stills Company purchased as a short-term investment a $1,000, 6% bond for $1,000. The bond pays interest on January 1 and July 1. The bond is sold on October 1 for $1,200 plus accrued interest. Interest has not been accrued since the last interest payment date. Given this, the entry to record cash proceeds at the time the bond is sold includes a